Probably really dumb i'm typing this on the train home after a really long day. Looking at sndk options expiring feb 19 2027. If you buy a $600 put and sell a $1000 put and a $1470 call that is a combined total premium of 440 (i used the mid prices) That's a min profit of $4000 with SNDK at $600 or below and a breakeven with SNDK at $1910. So max profit would be $44000 for this trade. It's already up over 2000% in the last year do you think it can do another 100% in the next year for a 4000% increase in 2 years?
The premium on puts is so much that directly shorting it would require a huge drop to be profitable. Doing it in this round about way seems pretty risky but quite profitable.
Posted by Embarrassed_Durian17